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CDC to Purchase Retired Brayton Point Power Station (1600 MW) from Dynegy
Asset Purchase + Environmental Liability Transfer + Remediation
Commercial Development Company, Inc. (CDC) has agreed to purchase the retired Brayton Point Power Station from Dynegy, Inc. As part of the transaction, CDC will assume responsibility for legacy environmental liabilities associated with the site.
CDC plans to invest significant resources to reposition the 307-acre retired power plant and develop a market-ready plan to transform the former energy asset for post-coal utilization.
"When we started this process, we committed to finding a buyer with plans that would benefit the community, and I'm pleased to report that we have honored that commitment. CDC has established a strong track record of repurposing industrial sites that go on to become important contributors to the economic and social fabric of their communities"
-- Peter Ziegler, VP & GM of Dynegy Plant Operations
CDC will now engage in a robust repositioning process which will dramatically transform the waterfront property. Immediately following the ownership transfer, activity is expected to include asbestos abatement, environmental remediation and restoration, and demolition of most of the coal-related infrastructure on the site.
Throughout this process, CDC will be engaged in a global marketing campaign to find end users who can best utilize the site's unique infrastructure and development potential.
The 307-acre site at Brayton Point could represent a unique development opportunity in multiple sectors, including offshore wind energy due to the site's pre-existing access to the regional transmission grid. Additionally, the site boasts close proximity to proposed offshore wind tracts, deep water port potential, and access to a highly-skilled workforce in the New England area.
CDC's purchase of the Brayton Point Power Station represents the Company's fifth retired power plant purchase since 2014. To view our power plant portfolio and acquisition criteria,
download ELT's power plant brochure here.
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In this Newsletter
CDC Announces Plans to Purchase Brayton Point Power Station (1600 MW)
Meet us at the 2017 Brownfields Conference
Seeking to Acquire Assets & Assume Liabilities
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Currently Seeking to Assume Environmental Liabilities and/or Purchase Retired Assets in All Industrial & Energy Sectors
If distressed real estate is impacting your operations, transactions, or balance sheet, please contact us for a no-cost site assessment.
ELT will consider acquiring real estate assets and environmental liabilities at all price points.
Phone: 314-835-2813
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Environmental Liability Transfers
Brownfield Real Estate Purchase
Liability Transfer + RE Purchase
Guaranteed Cost Certainty
Corporate Indemnification
Maximum Value For Retired Assets
Sustainable Redevelopment Planning
Preservation of Legacy & Brand
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Meet ELT at the 2017 Brownfields Conference
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Our team will be onsite and participating at the 2017 Brownfields Conference in Pittsburgh next week. We are currently setting our meeting agenda and plans for this event. If you are attending, please let us know.
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Upcoming Conferences
December 5-7, 2017
Pittsburgh, PA
EUCI
January 29-30, 2018
Cincinnati, OH
March 19-22, 2018
Pittsburgh, PA
EUEC
Mar 5-7, 2018
San Diego
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About Our Group
Commercial Development Company, Inc. (CDC), Environmental Liability Transfer, Inc. (ELT), and EnviroAnalytics Group LLC (EAG) comprise one of North America's most impactful brownfield redevelopment and environmental remediation and consulting firms. Our focus is finding win-win solutions to environmentally-impacted real estate and helping clients navigate the complexities of environmental liabilities within the areas of real estate development, environmental liability transfers, sustainable redevelopment planning, risk management, and environmental remediation.
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Acquire & Develop Real Estate
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Transfer Environmental Liabilities
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Environmental Remediation
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Contact Us
For more information about anything in this newsletter or to schedule a confidential discussion regarding your environmental liabilities, please contact us.
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